Business Context and Reporting Period
This Form 8-K was filed by Wireless Ronin Technologies, Inc. (noted in metadata as Creative Realities, Inc.) on September 18, 2012. The report details a specific corporate event regarding the issuance of common stock.
Key Financial Metrics
- Shares Issued: 1,738,452 shares of common stock.
- Price Per Share: $0.81.
- Net Proceeds: Approximately $1.2 million (net of placement agent fees, expenses, and other offering costs).
- Use of Proceeds: General corporate purposes, including working capital.
Material Changes
The filing reports the completion of a capital raise pursuant to subscription agreements previously disclosed in a Form 8-K filed on September 13, 2012. The issuance was executed under the company's existing shelf registration statement (File No. 333-161700), which became effective on September 29, 2009.
Guidance, Outlook, and Risks
The filing does not provide specific financial guidance, forward-looking outlooks, or detailed risk factors beyond the standard disclosure of the capital raise. The primary focus is the execution of the stock issuance and the allocation of funds toward working capital.
Investor Verification Checklist
- Verify the discrepancy between the metadata company name ("Creative Realities, Inc.") and the registrant name in the filing ("Wireless Ronin Technologies, Inc.").
- Confirm the details of the subscription agreements referenced in the September 13, 2012 Form 8-K.
- Review the specific breakdown of placement agent fees and offering expenses deducted from the gross proceeds to reach the $1.2 million net figure.
- Check the status of the shelf registration statement (File No. 333-161700) for any subsequent amendments or expirations.